Economy News in English
Latest economy headlines from Dutch news, translated into English.
Global trade grew surprisingly under Trump's import tariffs
Global trade grew unexpectedly over the past year despite uncertainties surrounding U.S. import tariffs, according to the CPB Bureau for Economic Policy Analysis. While most regions saw an increase, e...
All Velsen households to receive new voucher next week
Starting next week, every household in the municipality of Velsen will receive a five-euro voucher to support local neighborhood initiatives. This program, now in its third year, encourages residents ...
De Haven van Zandvoort to reopen soon following parent company bankruptcy
Beach pavilion De Haven van Zandvoort is set to reopen under new operator Wim Brugman after being closed since late last year. The pavilion's closure followed financial difficulties and the eventual b...
Fines issued for ignoring cordon after ATM robbery in Badhoevedorp
Police issued fines to nine individuals who ignored security cordons following an ATM bombing in Badhoevedorp on Friday morning. Two suspects from Amsterdam were arrested shortly after the incident, a...
Council of State: Education Ministry must still pay personnel costs to 222 school boards
The Dutch Council of State has ruled that State Secretary Judith Tielen must pay 222 primary school boards approximately 250 million euros in overdue personnel costs. This decision confirms a previous...
Calls to curb price hikes grow louder, but cabinet action remains pending
Members of the Dutch House of Representatives are urging the cabinet to take action against rising fuel prices exacerbated by the conflict in the Middle East. Despite growing pressure from political p...
IJmond municipalities join forces: 18 million euros for vulnerable neighborhoods
The municipalities of Beverwijk, Velsen, and Heemskerk are joining forces in a project called "Sterk IJmond" to tackle persistent issues in dozens of vulnerable neighborhoods. Supported by an 18 milli...
Hungary denies Kyiv European gas over Druzhba pipeline
Hungary has announced it will gradually suspend gas transport to Ukraine until oil flow resumes through the Druzhba pipeline. The pipeline, which supplies Russian oil to Hungary via Ukraine, was previ...
Luciano branch in Zandvoort closes after five years. ‘Luckily I still visit Overveen often enough’
The Luciano ice cream parlor in Zandvoort is closing after five years of operation. Owner Barbara Molenaar announced the closure to focus entirely on the brand's location in nearby Overveen.
Outrage over new €159 Dutch World Cup shirts, experts respond: 'This is where the value lies'
Nike and the KNVB have unveiled the new Dutch national football team's World Cup kits, which feature a vibrant orange color and a retail price of 159 euros. While the high cost has sparked public back...
Public needs more help and clarity on sustainability, says SER
The Social and Economic Council (SER) reports that Dutch households and small businesses face significant obstacles when attempting to make their properties more sustainable. The advisory body is call...
AEX index opens higher on hopes for end to war, oil price falls
The AEX-index in Amsterdam opened with gains on Wednesday, driven by optimism regarding potential peace negotiations between the United States and Iran. While U.S. President Donald Trump claimed that ...
Potato prices drop below 0 euros, massive surpluses in Europe
The European potato market is experiencing a significant surplus, leading to prices dropping below zero euros and forcing some growers to pay for the disposal of their crops. In the Netherlands, the s...
Small businesses especially hesitant to hire them, but self-employed construction workers are mostly genuine entrepreneurs
Research by the Economic Institute for Construction (EIB) indicates that most self-employed workers in the sector are genuine entrepreneurs, despite small companies' fears of regulatory issues. Nevert...
Oil trader on soaring fuel prices: ‘People are starting to hoard like they did with toilet paper’
Oil trader Jan de Croon explains that fuel prices spike immediately during geopolitical unrest, unlike more stable commodities like coffee or sugar. He compares the current trend of drivers rushing to...
Asian markets rise, oil prices fall on hopes for end to war
Asian stock markets rose on Wednesday as investors hoped for a de-escalation of the conflict in the Middle East. This optimism led to a decrease in oil prices, which had previously spiked due to regio...
Dutch gas reserves drop to 5.8 percent, lowest level in 10 years
Dutch gas storage levels have dropped to 5.8 percent, marking the lowest level recorded in a decade. This data, reported by Gasunie's National Energy Dashboard, reflects a significant decline in the c...
Bus transport in IJmond on the rise, passenger numbers up 14 percent
Bus transportation in the IJmond region experienced a 14 percent increase in passengers in 2024 compared to 2023. This growth indicates that ridership is steadily returning to levels recorded prior to...
Municipal spending rises by nearly 6 percent
Dutch municipalities expect to increase their collective spending by nearly 6 percent in 2026, reaching a total of 84.6 billion euros. According to data from Statistics Netherlands (CBS), this represe...
How long should the upholstery of a 179-euro chair stay in good condition?
The article explores consumer expectations regarding the lifespan and durability of dining chair upholstery, specifically for chairs priced at 179 euros. It addresses the core question of when it is a...
Uncertain energy market makes households hesitant about energy contracts
Fluctuating energy prices caused by the conflict in the Middle East are leading households to reconsider their energy contracts. Experts suggest there is no need for immediate action, as consumers wil...
Amstel III to get 245 senior homes
The Amstel III district in Amsterdam is set to receive 245 new senior housing units designed for safety and accessibility. These homes will provide a comfortable living environment for residents, incl...
Oil prices fall after news of possible US-Iran peace talks
Oil prices on international markets declined on Wednesday morning following reports of potential peace talks between the United States and Iran. The drop reflects market reactions to signs of easing g...
Will the unattractive Appeltjesmarkt near Marnixstraat become a ‘hub’ for transshipping goods from the water?
Dutch economy can 'take a hit' according to ABN AMRO
ABN AMRO economists report that the Dutch economy remains resilient despite slower growth and higher inflation caused by the conflict involving Iran. The bank's latest assessment suggests that while t...
Homeowner, have you learned nothing from the last energy crisis? ‘Make your home sustainable now’
An expert urges homeowners to prioritize making their houses sustainable to better withstand the ongoing energy crisis. They emphasize that 90% of owners can achieve this with neutral financing or imm...
OpenAI discontinues Sora, the AI video generation app
OpenAI has announced plans to discontinue Sora, its artificial intelligence application used for generating short videos. The company intends to reallocate the significant computing power required for...
FNV wants higher travel allowance and fuel price caps
The Dutch labor union FNV is advocating for a higher tax-free travel allowance and the implementation of maximum prices for gasoline and diesel. These proposals are being put forward ahead of a parlia...
Greenpeace projects ‘Tax oil companies’ war profits’ onto Eye Filmmuseum
Trump reports mysterious Iranian ’gift’ near Strait of Hormuz
US President Donald Trump has claimed to have received a "very big gift" from Iran involving the Strait of Hormuz. While he declined to provide specific details, he indicated the matter is related to ...